BREAKING NEWS: EV Sales Skyrocket as Sept. 30 Tax Credit Deadline Looms
The US is witnessing a surge in electric vehicle (EV) sales, with thousands of buyers rushing to take advantage of the remaining federal tax credits before they expire on September 30.
According to industry insiders, EV sales have skyrocketed over the past couple of weeks, with many dealerships reporting unprecedented demand. The Republican tax and spending package that passed in early July brought an end to the federal EV tax credits, which were worth up to $7,500 for new electric vehicles and up to $4,000 for used ones.
The deadline has created a sense of urgency among buyers, with many scrambling to secure a binding contract by September 30. The vehicle itself can be delivered later, but the buyer must have a contract in place before the deadline passes.
Industry experts attribute the surge in sales to the looming expiration of the tax credits. "Anybody who was thinking of getting an EV soon-ish suddenly had a four-figure incentive to get one fast," said a spokesperson for a major automaker.
The current status is that many dealerships are experiencing a high volume of sales, with some reporting wait times of several days or even weeks. The next development will be the final numbers on September 30, when the tax credits officially expire.
This is a developing story, and we will provide updates as more information becomes available.
*This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*
